Dogecoin

Bitcoin

Toncoin

Shiba Inu

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-leads-market-surge-boosting-investor-confidence/" data-wpel-link="internal">Bitcoin Leads Market Surge, Boosting Investor Confidence</a><br></p>
<p class="p1" style="text-align: justify">The rise in the <a href="https://en.coin-turk.com/significant-increase-in-crypto-derivatives-volume-leads-to-potential-short-squeeze/" data-wpel-link="internal">cryptocurrency </a><a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> led by <strong>Bitcoin</strong> continues to bring joy to many <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>. Although the altcoin market lags behind Bitcoin in this process, some altcoin projects continue to experience significant rises. So, what is happening with TON, DOGE, and SHIB? We analyze detailed chart analysis and important support and resistance levels.</p> 
<h2 class="p1" style="text-align: justify" id="ton-chart-analysis">TON Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Buyers tried to push Toncoin <strong>(TON)</strong> above the $7.67 resistance on May 13, but the long wick on the candlestick indicates selling at higher levels. A small advantage in favor of the bulls is that they have not left much room for the bears. This suggests that the bulls might make another attempt at the overall resistance.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-352030 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/ton-2.webp" alt="" width="1335" height="803"></p> 
<p class="p1" style="text-align: justify">If buyers keep the <a>price</a> above $7.67, it could signal the resumption of the uptrend, and the TON/USDT pair could rise to $9. If the price declines from the current level and falls below the moving averages, this positive view could become invalid in the short term.</p> 
<h2 class="p1" style="text-align: justify" id="doge-chart-analysis">DOGE Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Bulls are trying to prevent <a>Dogecoin</a> from slipping below the neckline and completing a bearish head-and-shoulders pattern. The 20-day flat EMA at $0.15 and the RSI near the midpoint indicate range-bound action in the near term. If the price rises above the 20-day EMA, the <strong>DOGE/USDT</strong> pair could reach the 50-day SMA at $0.17.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-352029 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/doge-1.webp" alt="" width="1335" height="803"></p> 
<p class="p1" style="text-align: justify">This is an important level for the bears to defend because a break above it could pave the way for a rise to $0.21. If the bears push the price below the neckline of the H&amp;S pattern, they could take control and initiate a drop to $0.08.</p> 
<h2 class="p1" style="text-align: justify" id="shib-chart-analysis">SHIB Chart Analysis</h2> 
<p class="p1" style="text-align: justify">Bulls successfully defended the support line of the symmetrical triangle pattern in <strong>Shiba Inu</strong> on May 13. The flattening 20-day EMA and the RSI near the midpoint do not provide a clear advantage to either the bulls or the bears. It is difficult to predict the direction of the breakout, so it might be better to wait for the price to move above or below the triangle before making large <a>investments</a>.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-352028 size-full" src="https://coin-turk.com/wp-content/uploads/2024/05/shib-2.webp" alt="" width="1335" height="803"></p> 
<p class="p1" style="text-align: justify">A breakout above the triangle would indicate that the correction phase might be over. The SHIB/USDT pair could rise to $0.000030 and then to $0.000033. Conversely, a breakdown below the triangle could open the doors for a drop to the 78.6% Fibonacci retracement level at $0.000017.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-leads-market-surge-boosting-investor-confidence/" data-wpel-link="internal">Bitcoin Leads Market Surge, Boosting Investor Confidence</a></h5>

Bitcoin Leads Market Surge, Boosting Investor Confidence

Table of Contents

COINTURK NEWS

Other articles published on May 16, 2024

SEBI Explores Regulatory Options for Cryptocurrency

Crypto Casino Mega Dice Hits $1 Million Mark In ICO Of GambleFi Token $DICE

Bitcoin and Ethereum Show Potential for Significant Price Movements

X Rolls Out Its AI Chatbot Grok to EU Users

Bitcoin Selling Pressure On Coinbase Disappears: Short-Term Jump Soon?

Bitcoin ETFs See Record Inflows

Join our free newsletter for daily crypto updates!